Altcoins
Top Altcoins To Surge 2-5X After Ethereum ETF Launches Today!
With the Ethereum ETF listing just hours away, the cryptocurrency market has been experiencing increased price volatility, with major tokens seeing constant fluctuations in their respective portfolios.
Dive into this article as we have covered the top 3 altcoins that are heavily influenced by Ethereum price and are expected to see massive volatility in their respective valuations following the launch of the Ethereum ETF.
Jasmy Coin (JASMY):
JASMY cryptocurrency has garnered considerable attention in the cryptocurrency market in recent months. This has allowed it to add over 320% to its valuation this year alone. Notably, with a market capitalization of $1.363 billion, it has secured the 63rd position in the global cryptocurrency list.
TradingView: JASMY/USDT
The 50-day EMA is acting as a support for the Jasmy price. On the other hand, the Relative Strength Index (RSI) has declined sharply towards the neutral point. Moreover, its average is showing a potential bearish convergence on the 1D time frame, which suggests uncertainty about the future price action.
If the market regains momentum after the Ethereum ETF listing, JasmyCoin price will break its resistance level and head towards its high of $0.03850. Conversely, if the bears continue to dominate the market, JASMY crypto will retest its low of $0.02450.
Beam (BEAM):
Despite correcting by more than 2% over the past day, BEAM price is up 12.93% over the past week and 10.12% over the past 30 days. With a YTD return of 4.89%, this altcoin secured the 72nd spot with a market cap of $929.59 million.
TradingView: BEAM/USDT
The Moving Average Convergence Divergence (MACD) is showing a steady decline in the green histogram, highlighting a decline in the altcoin’s price action in the market. Additionally, the averages are showing a flat line, suggesting low buying and selling pressure for Beam price.
If the market moves in a bullish mood, the BEAM coin price will prepare to test its upper resistance level of $0.028910. However, if the bears outperform the bulls, this altcoin will plunge towards its crucial support level of $0.013525.
AI Node (GPU):
With the increased price volatility in the crypto space, Node AI price has added over 42% to its portfolio in the last seven days and 29.27% in the last 30 days. Moreover, with a trading value of $1.0591 and a market cap of $96.52 million, it has secured the 385th position.
TradingView: GPU/USDT
Technical indicators, MACD and RSI, are showing a steady decline on their respective charts, highlighting a weak bullish sentiment for Node AI price in the cryptocurrency market.
With a bullish reversal in the cryptocurrency market, GPU price will gear up to test its upper resistance level of $2.0725. On the negative side, if the bears dominate the crypto space, GPU coin price will plunge towards its low of $0.7975.